A year out of stealth mode, software maker Datical collects $4.4M

Dec 24, 2014
Austin Business Journal

Software maker Datical Inc. reported completing a $4.4 million financing


The Austin-based company collected the capital from 18 investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission. The filing is an update to a December 2013 filing in which Datical reported receiving $2.3 million from 15 investors


Datical, which developed a tech tool designed to manage databases, launched in 2012 and came out of stealth mode in October 2013. It was launched by local entrepreneurs Robert Reeves, Daniel Nelson and Pete Pickerill. The trio's previous business, Austin-based Phurnace Software Inc., was acquired in 2009 by Houston-based BMC Software Inc.


Last year, Datical executives said investors included the Houston-based Mercury Fund and Austin Ventures LP. The capital was expected to be used to expand Datical's development and marketing


In May, the company announced that it was recognized as a leading up-and-coming Austin startup on the 2014 Spring Austin A-List, compiled with data from venture capital, private equity and angel investors


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